3 Stocks To Watch On Monday
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Sensex and Nifty 50 ended lower on May 15 amid weak global cues, while JSW Energy, WPIL and Rajratan Global Wire announced key business developments.
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Indian equity benchmarks ended lower on Friday, May 15, as late-session selling in metal, realty, oil and gas stocks erased most of the day’s gains. Investor sentiment remained cautious amid rising crude oil prices, weakness in the rupee and concerns surrounding India’s external sector.
The BSE Sensex closed in the red, while the Nifty 50 slipped below the 23,650 mark after the Indian rupee weakened to a record low of 96 against the USD.
Against this backdrop, several stocks are expected to remain in focus during Monday’s trading session.
JSW Energy announced that it has successfully commissioned nearly 250 MW of renewable energy capacity since April 2026. The newly added capacity includes 130 MW of wind power, 69.4 MW of Solar power and the 50 MW Tidong hydro plant.
Following the latest commissioning, the company’s total installed power generation capacity has increased to 13.7 GW. The development is in line with the company’s strategy to strengthen its renewable energy portfolio and expand its clean energy presence.
2. WPIL Ltd
WPIL said its South African subsidiary, PCI Africa, has received an official order as part of a consortium for the Lower Umkhomazi Bulk Water Supply Scheme Phase 2 project from Umngeni-Uthukela Water. The total project value stands at approximately 7.583 billion Rand, equivalent to nearly Rs 4,405 crore.
PCI Africa’s share in the project is estimated at around 2.017 billion Rand, or nearly Rs 1,172 crore. The Construction period for the project is 36 months, excluding the defects notification period. The company added that the order does not fall under related-party transactions.
Rajratan Global Wire announced that its wholly owned subsidiary, Rajratan Thai Wire Co. Limited, has acquired 2.42124 acres of land along with a building measuring 3,053.5 square metres in Ratchaburi, Thailand. The acquired property is located near the company’s existing manufacturing facilities in the region.
According to the company, the acquisition forms part of its long-term expansion strategy and is expected to strengthen and enhance operational capabilities.
Disclaimer: The article is for informational purposes only and not investment advice.